Solar Panel Cost Guide in Carmel By The Sea, CA (Jan 2023)
- Carmel By The Sea Solar Installation Cost: $5,542
- 25-Year Savings: $20,789
- Payback Period: 5.3 Years
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Top Solar Installers in Carmel By The Sea
Trying to put up solar panels by yourself can be a difficult undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Carmel By The Sea
Factors that Affect Solar Panel Costs in Carmel By The Sea
Even though the average cost of a solar system in Carmel By The Sea is $5,542, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,730. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Carmel By The Sea average.
Solar Financing Terms
Many homeowners find the average cost of solar in Carmel By The Sea to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of sustainable energy solutions in Carmel By The Sea, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.84||$11,925||$42,509||5.5 years|
|8 kW||$2.78||$15,594||$56,984||5.4 years|
|10 kW||$2.73||$19,110||$71,612||5.3 years|
|12 kW||$2.68||$22,473||$86,394||5.2 years|
|14 kW||$2.62||$25,684||$101,328||5.1 years|
|16 kW||$2.57||$28,741||$116,414||5.0 years|
|18 kW||$2.51||$31,646||$131,654||4.8 years|
|20 kW||$2.46||$34,398||$147,047||4.7 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: The type of solar panel you'd like to get plays a role in which installer you should opt for, since different companies have access to different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
EcoWatch's Carmel By The Sea, CA Solar Cost FAQs
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.